Editor's PiCK
US–China Trade Agreement Shaken…"Impact of China Delaying Exports of Critical Minerals"
Summary
- It was reported that as China delays the approval process for exports of key minerals, including rare earths, tensions are rising in the US–China trade deal.
- It was stated that this trade agreement was concluded based on China's promise to quickly process export permits for critical minerals.
- The US side criticized that China is not fulfilling its promise, saying that this is essentially a breach of the agreement.
A report has emerged that tensions are resurfacing in the trade truce between the United States of America and China, as China delays the approval process for rare earth exports.
On the 31st (local time), The Wall Street Journal (WSJ) reported, "As China delays the approval process for exporting key minerals, including rare earths, the trade agreement the two countries signed in Geneva earlier this month is now at risk of collapsing."
According to the report, this agreement was based on China's promise to swiftly process export permits for critical minerals. However, Jamieson Greer, representative of the Office of the United States Trade Representative (USTR), recently criticized in an interview with CNBC, saying, "China is not keeping its promise, which in effect constitutes a violation of the agreement."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![Rotation from tech to blue chips…Micron plunges 9.55% [Wall Street Briefing]](https://media.bloomingbit.io/PROD/news/d55ceac4-c0d2-4e63-aac9-f80fd45dfbbd.webp?w=250)